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Waymo and Uber settle

Monday, 12 Feb, 2018

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It also agreed to give Waymo 0.34 percent of Uber's equity, equal to around United States dollars 245 million, reports the Wall Street Journal.

Uber has also agreed not to use Waymo's technology in its self-driving cars, though it maintains it never did.

Uber can not use any of Waymo's hardware or software trade secrets as one of the conditions of the settlement.

However, despite the settlement, Khosrowshahi said: "We do not believe that any trade secrets made their way from Waymo to Uber, nor do we believe that Uber has used any of Waymo's proprietary information in its self-driving technology".

Alphabet's Waymo division was seeking at least $1 billion (roughly Rs. 6,400 crores) over the theft of secrets from its self-driving vehicle program in the trial before federal judge William Alsup.

Uber ATG is the company's "advanced technology group", an engineering team working on self-driving technologies, mapping, and vehicle safety.

In a case that has riveted Silicon Valley the saga began when Otto, a self-driving truck company co-founded by former Google employee Anthony Levandowski, was acquired by Uber for $650m in 2016.

The trial so far included testimony from former Uber chief executive Travis Kalanick, who denied a conspiracy to steal trade secrets in a tense two-day court appearance.